The Hartford said net income available to common stockholders for the quarter ended March 31, 2025 decreased by $123, primarily driven by a lower P&C underwriting gain of $130, before tax, and a $77, before tax, change to net realized losses in the current period compared to net realized gains in the prior year period.

1. 01

   The Hartford said net income available to common stockholders for the quarter ended March 31, 2025 decreased by $123, primarily driven by a lower P&C underwriting gain of $130, before tax, and a $77, before tax, change to net realized losses in the current period compared to net realized gains in the prior year period.

2. 02

   The Hartford said current accident year catastrophe losses increased by $306, before tax. The company cited losses of $325, net of reinsurance, related to the January 2025 California Wildfire Event, as well as losses from tornado, wind and hail events mainly in the Midwest and South regions.

3. 03

   The Hartford said P&C net prior accident year reserve development in 2025 was favorable of $122, compared to $56 in the prior year period, a favorable change of $66, before tax. The company added that favorable prior year reserve development in 2025 included a benefit of $32 related to amortization of the Navigators ADC deferred gain.

4. 04

   The Hartford said cash provided by operating activities in 2025 decreased compared to the prior year period. The company cited increases in P&C and Employee Benefits loss and LAE payments and higher operating expenses, and added that cash used in financing activities increased due to higher share repurchases and common stock dividend payments.

Key figures

Quarter ended March 31, 2025

Revenue

$6.8B

Net income

$630M

EPS

$2.15

Operating cash flow

$985M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.